Coinbase Recovers From Plunge But Hits Resistance As Bitcoin Nears $112,000 – Is Coinbase Stock A Sell Now?

Coinbase stock fell Tuesday, getting turned away from a key level. The stock was knocked down after Coinbase posted earnings of 12 cents per share, an 89% plunge from the same quarter a year ago. Coinbase stock sank further on Aug. 5 after the cryptocurrency exchange said it plans to make a private offering of $2.6 billion in convertible senior notes.

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